6-47 General Motors Acceptance Corporation (GMAC)

question 62

Multiple Choice

6-47 General Motors Acceptance Corporation (GMAC)

• A)is a wholly owned subsidiary of General Motors.
• B)only provides financing to purchasers of automobiles built by General Motors.
• C)was classified as a commercial bank holding company in 2008.
• D)did not participate in federal bailout funds during the financial crisis because or their strength.
• E)is the largest finance company in the U.S.

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Definitions:

Reliable

The quality of being consistently good in performance, accuracy, or dependability.

Valid

Legally or logically sound; having legitimacy or credibility, typically applied to arguments, conclusions, or documents.

Effective Performance

The level at which an individual or organization successfully meets or exceeds established goals or standards in their work.

Reliable System

A system designed to operate consistently and accurately over time, minimizing errors and failures.